DYEC(600403)2025-04-25 09:30Financial Performance - The company's operating revenue for Q1 2025 was ¥1,076,260,990.72, a decrease of 23.63% compared to ¥1,409,344,672.16 in the same period last year[3]. - The net profit attributable to shareholders was -¥309,149,590.92, compared to -¥270,336,417.65 in the previous year, indicating a worsening financial performance[3]. - The net cash flow from operating activities was -¥81,278,342.96, a significant decline of 657.88% from ¥14,569,027.63 in the prior year[3]. - The company reported a basic and diluted earnings per share of -¥0.1293, compared to -¥0.1131 in the same period last year[3]. - The weighted average return on net assets was -5.61%, down from -4.10% in the previous year[3]. - The net profit for the first quarter of 2025 was -295,913,032.48 RMB, compared to -264,078,452.80 RMB in the same period of 2024, indicating a decline of approximately 12.1% year-over-year[20]. - The company recorded a total operating profit of -280,554,713.05 RMB in the first quarter of 2025, worsening from -238,151,810.72 RMB in the same period of 2024[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥20,741,181,606.95, reflecting a 1.24% increase from ¥20,488,050,589.15 at the end of the previous year[3]. - The equity attributable to shareholders decreased by 5.05% to ¥5,379,733,429.65 from ¥5,666,044,137.31 at the end of the last year[3]. - Current assets totaled RMB 5,804,172,522.73 as of March 31, 2025, an increase from RMB 5,457,543,007.55 at the end of the previous period[13]. - Non-current assets amounted to RMB 14,937,009,084.22, slightly down from RMB 15,030,507,581.60[14]. - Total liabilities were RMB 14,644,751,393.03, an increase from RMB 14,118,546,226.01[15]. - Shareholders' equity decreased to RMB 6,096,430,213.92 from RMB 6,369,504,363.14[15]. Revenue and Costs - Total operating revenue for Q1 2025 was RMB 1,076,260,990.72, a decrease of 23.6% compared to RMB 1,409,344,672.16 in Q1 2024[18]. - Total operating costs for Q1 2025 were RMB 1,356,380,220.76, down from RMB 1,644,783,415.49 in Q1 2024, reflecting a reduction of 17.5%[18]. - Operating costs included RMB 982,369,286.74 in operating costs for Q1 2025, compared to RMB 1,302,454,578.91 in Q1 2024, indicating a decrease of 24.6%[18]. - Total revenue from sales of goods and services in the first quarter of 2025 was 1,078,456,300.39 RMB, down from 1,379,942,455.92 RMB in the first quarter of 2024, representing a decline of about 21.8%[22]. Cash Flow and Financing - Cash and cash equivalents were RMB 4,579,046,554.72, up from RMB 4,304,146,407.87[13]. - The total cash and cash equivalents at the end of the first quarter of 2025 amounted to 3,180,141,016.57 RMB, an increase from 2,584,957,551.13 RMB at the end of the first quarter of 2024[24]. - The net cash flow from financing activities for the first quarter of 2025 was 304,839,087.40 RMB, compared to 123,613,259.61 RMB in the first quarter of 2024, indicating a growth of approximately 146.5%[24]. - The company incurred financial expenses of 70,571,261.93 RMB in the first quarter of 2025, an increase of 28.2% compared to 55,065,391.62 RMB in the same period of 2024[20]. - The company experienced a credit impairment loss of 7,265,936.45 RMB in the first quarter of 2025, contrasting with a reversal of -1,787,826.48 RMB in the same period of 2024[20]. Market Conditions - The decline in operating revenue was attributed to a downturn in the coal market, leading to a significant drop in coal prices[6]. - Non-recurring gains and losses amounted to ¥15,207,931.12, with government subsidies contributing ¥12,447,038.40[5]. - The total number of ordinary shareholders at the end of the reporting period was 46,503[8].